Hi all,
Is there anything that those of you who have interned or worked in entry-level brokerage roles believe is worth learning before one gets to the office?
Could be anything from building floor loads to Excel tips, just looking for a little perspective so I can hit the ground running when I get to my summer gig in leasing brokerage.
On a related note, a few people I have spoken with have recommended going down the property management path for a little while prior to brokerage as a way to learn real estate before trying to sell or lease it to clients. Interested to hear some opinions on this as well as anything of this vein that can be learned from the computer.
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Don’t go the PM route. Not necessary.
Maybe read a book or two to familiarize yourself with real estate fundamentals and learn how to “talk the talk.” Also, make sure you know the basics of excel.
Other than that, just go in with an enthusiastic attitude and be ready to prove that you can learn quickly.
Familiarize yourself with the physical market your team/office focuses on. If you will be working on a specific property type (ie retail, office) then read up on local and national news concerning the class.
What type of brokerage will you be doing?
Do not listen to them. They two positions are not particularly relevant to each other.
To this point, and as a general rule of thumb - if someone in brokerage tells you to do something as a way to brokerage, it's a cop out. If they like you and you don't have experience - they'll teach you. No one is going to let raw talent go, regardless of the learning curve.
Damn - you just had to quote my type-o, didn't you?
Going to be working for an office/lab space-focused group. Thanks for the response.
Investment sales, tenant rep leasing, or landlord rep leasing?
Or a combination of the above?
Less is more - no intern has ever impressed me with knowledge coming into the internship. Many have pissed the entire team off by thinking they had knowledge coming into it.
The most impressed I ever was with an intern was a kid who carried around a notebook and just wrote down everything that sounded strange. He then googled it after hours, and if it was still strange he'd ask what it meant.
The most important "task" as an intern is identifying the comers at the analyst/associate level and having them like you. Each SA to full-time hire we convert is by asking that level who they liked the best.
Thanks, appreciate the response.
Judging by your username, you'll fit right in.
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